Iran, Pakistan to raise annual trade volume to $5bln, Diplomat says

TEHRAN (Tasnim) – Pakistani Ambassador to Iran Nour Mohammad Jadmani said that Tehran and Islamabad agreed to raise the volume of annual trade to five $5 billion.
 The decision was made following the recent trip by Pakistan’s Prime Minister Nawaz Sharif to Tehran, said the Pakistani diplomat.

“In the past, trade volume between Iran and Pakistan stood at $1.3 billion a year but recently the annual trade exchange dropped to $400 million,” Jadmani said during his visit to Mirjaveh border terminal in Sistan and Baluchestan province, south-east of Iran.

Pakistani envoy said his visit to the area is aimed at assessing the measures taken by the Iranian government to pave the way for boosting economic ties between the two countries.

He described Iran and Pakistan as two friend nations which share necessary cultural commonalities for facilitating and increasing trade exchanges.

Earlier on May 12, Iran’s Minister of Economic Affairs and Finance Ali Tayyebnia had emphasized the need for promoting economic ties between Tehran and Islamabad.

Tayyebnia pointed to the talks between Iranian authorities and the visiting Pakistani delegation headed by Nawaz Sharif in Tehran, saying the two sides seek to first increase their trade volume to $3bln and later to $5bln in the future.

By Tasnim News Agency

 

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